U.S. stocks, oil break losing streak; bonds extend rally

U.S. stocks and oil futures jumped on Monday, both rebounding after a long string of losses as there just wasn’t any particularly bad news out of Europe.

Not saying things are rosy across the pond, but it was enough to persuade some traders to stop selling.

After the worst week of the year on Wall Street last week, the Dow Jones Industrial Average
rose 1.1%, or 135 points, to 12,504 — its biggest point gain since April 17.

The S&P 500 Index
added 21 points, or 1.6%, to 1,316.

After six consecutive losing days, crude for June delivery
rose $1.09, or 1.2%, to settle at $92.57 a barrel.

Gold
d declined $3.20, or 0.2%, to $1,588.70 an ounce, after two days of heavy losses.

The dollar slipped against a basket of six major currencies for a second day, after an unprecedented 14-session rally. The dollar index
fell to 80.927 from 81.163 in North American trade late Friday.

However, Treasury prices on most maturities continued a rally that’s pushed yields toward their all-time lows, though a lack of negative news allowed riskier assets to recover. Bond yields move inversely to prices. Yields on benchmark 10-year notes
were the only ones to rise: by a slim 2 basis points to 1.75%. Last week, they closed at their lowest level ever.

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